This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the construction of complex biphenyl structures. Its tert-butyl group enhances steric stability, making it useful in synthesizing pharmaceuticals and agrochemicals. Additionally, it is employed in material science for creating organic electronic materials, such as OLEDs, due to its ability to modify molecular properties. Its boronic acid functionality also allows for applications in sensor development, particularly in detecting sugars and other biomolecules.